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BNI National Conference in Colombo honors members at awards ceremony
BNI Sri Lanka – the local branch of the world’s largest referral networking organisation, BNI (Business Network International) – is celebrating the success of its first ever large- scale event in the country. The National Conference titled “Building a global Sri Lanka. Networking the way forward,” was headlined by Founder & Chief Visionary Officer of […]
Advantis extends welcome to Cordelia Cruises in Jaffna: First cruise liner to call on Port of KKS
The MS Empress, the first luxury vessel from Cordelia Cruises to Sri Lanka, was welcomed at the Kankesanturai Port (KKS), Jaffna, ushering in a new era of maritime travel and tourism for the Northern region. As the luxury cruise liner made its inaugural voyage to Jaffna, Minister of Ports, Shipping and Aviation Nimal Siripala De […]
Dairy Association holds AGM: Call on fostering agreements, aligning goals, and mobilising industry
The fourth Annual General Meeting of the All Island Dairy Association (AIDA) was recently held at the Ceylon Chamber of Commerce premises in Colombo. The AIDA which is affiliated with the Ceylon Chamber of Commerce, and plays a pivotal role in representing the local dairy industry by fostering agreements, aligning goals, and mobilising the industry. […]
Emirates announces key appointments for its Sri Lanka & Maldives operations
Emirates has announced the appointment of Rashid Al Ardha as the new Manager for Sri Lanka and Maldives, with effect from 1 August. Rashid will take on the role previously held by Chandana de Silva, who will assume new responsibilities as the airline’s Manager Government Liaison – Sri Lanka and Maldives. In his new post, […]
HNB, Hemas Holdings & SLT to be included in S&P SL 20 mid-year index rebalance
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2023 mid-year rebalance. The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 19th June 2023 (after the market close of 16th June 2023) are presented below. Exclusions […]
Fitch Assigns Vidullanka PLC First-Time A+(lka) National Rating; Outlook Stable
Fitch Ratings has assigned a National Long-Term Rating of ‘A+(Ika)’ with a Stable Outlook to Sri Lanka based renewable power producer Vidullanka PLC. At the same time, the agency has assigned a National Short-Term Rating of ‘F1(lka)’ to Vidullanka’s two issuances of unlisted commercial paper of LKR100 million each. The ratings reflect Vidullanka’s weak counterparty, […]
CA Sri Lanka, CIMA inks membership pathway agreement to reinforce standing of members
Two renowned professional organisations, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Chartered Institute of Management Accountants (CIMA), signed a membership pathway agreement this month, in an effort to strengthen the professional standing of members of both institutions. The membership pathway agreement allows members of both CA Sri Lanka and […]
CFA Society Sri Lanka Capital Market Awards prompt greater assurance from unit trust funds
As the 10th annual CFA Society Sri Lanka Capital Market Awards scheduled for 21 June 2023draws closer, the Society takes the opportunity to revisit the award winners from last year, as part of its efforts to recognise and reward professionals who have established benchmarks for the advancement of domestic capital market participants. The Best Unit […]
Government bringing various anti-people laws, while creating racial and religious issues: Eran
Former President reversed gazettes, current one is reversing Acts At this moment, many problems have arisen in the country, in the backdrop of bringing several Bills including Broadcasting Authority Bill and the Anti- Corruption Bill by the government said opposition MP Eran Wickramaratne, addressing the media at the Office of the Leader of Opposition in […]
Has Sri Lanka’s Crisis-driven Import Controls Incentivised Import Substitution?
By Dr Asanka Wijesinghe and Nilupulee Rathnayake: In response to the economic crisis, Sri Lanka implemented import controls that expanded significantly by the end of 2022, accounting for approximately 30% of the country’s total import value (Figure 1). The controls affected various categories, including consumption goods (46%), intermediate goods (31%), and capital goods (24%). As […]